Waste Management (WM) Getting Somewhat Positive News Coverage, Analysis Shows
Press coverage about Waste Management (NYSE:WM) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Waste Management earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.7415670581581 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Barry H. Caldwell Sells 1,650 Shares of Waste Management, Inc. (WM) Stock (americanbankingnews.com)
- WASTE MANAGEMENT, INC. : ex-dividend day (4-traders.com)
- Waste Management takes bigger space on Union Hills (bizjournals.com)
- Ex-Dividend Reminder: Juniper Networks, Waste Management and Triumph Group – Nasdaq (nasdaq.com)
- ETFs with exposure to Waste Management, Inc. : November 27, 2017 (finance.yahoo.com)
Several analysts recently issued reports on WM shares. KeyCorp reaffirmed a “buy” rating and set a $88.00 price objective on shares of Waste Management in a research note on Friday, October 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price objective on shares of Waste Management in a research note on Friday, October 13th. Credit Suisse Group set a $90.00 price target on shares of Waste Management and gave the company a “buy” rating in a research note on Monday, October 30th. Bank of America dropped their price target on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Finally, Zacks Investment Research raised shares of Waste Management from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Waste Management currently has an average rating of “Buy” and an average price target of $81.81.
Waste Management (NYSE WM) traded up $0.06 during trading on Thursday, hitting $82.25. 3,620,232 shares of the stock traded hands, compared to its average volume of 1,673,218. Waste Management has a twelve month low of $68.84 and a twelve month high of $82.97. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71. The stock has a market cap of $35,436.38, a PE ratio of 26.16, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76.
Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. research analysts forecast that Waste Management will post 3.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 annualized dividend and a dividend yield of 2.07%. Waste Management’s dividend payout ratio is currently 54.84%.
In other news, SVP Barry H. Caldwell sold 1,650 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.19% of the company’s stock.
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Waste Management Company Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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